Altlayer Price on October 22, 2024
| ALT Crypto | USD 0.12 0.01 9.09% |
If you're considering investing in Altlayer Crypto Coin, it is important to understand the factors that can impact its price. As of today, the current price of Altlayer stands at 0.12, as last reported on the 25th of November, with the highest price reaching 0.13 and the lowest price hitting 0.11 during the day. Altlayer appears to be unreasonably risky, given 3 months investment horizon. Altlayer secures Sharpe Ratio (or Efficiency) of 0.11, which signifies that digital coin had a 0.11% return per unit of risk over the last 3 months. By analyzing Altlayer's technical indicators, you can evaluate if the expected return of 0.9% is justified by implied risk. Please makes use of Altlayer's Downside Deviation of 8.11, risk adjusted performance of 0.0643, and Mean Deviation of 5.3 to double-check if our risk estimates are consistent with your expectations.
Altlayer Crypto Coin price history is provided at the adjusted basis, taking into account all of the recent filings.
Altlayer |
Sharpe Ratio = 0.1133
| Best Portfolio | Best Equity | |||
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| Cash | Small Risk | Average Risk | High Risk | Huge Risk |
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Estimated Market Risk
| 7.98 actual daily | 71 71% of assets are less volatile |
Expected Return
| 0.9 actual daily | 17 83% of assets have higher returns |
Risk-Adjusted Return
| 0.11 actual daily | 8 92% of assets perform better |
Based on monthly moving average Altlayer is performing at about 8% of its full potential. If added to a well diversified portfolio the total return can be enhanced and market risk can be reduced. You can increase risk-adjusted return of Altlayer by adding it to a well-diversified portfolio.
Altlayer Valuation on October 22, 2024
It is possible to determine the worth of Altlayer on a given historical date. On October 22, 2024 Altlayer was worth 0.11 at the beginning of the trading date compared to the closed value of 0.11. We use multiple weighted factors in our valuation methodologies to arrive at the intrinsic value of Altlayer crypto coin. Still, in general, we apply an absolute valuation method to find Altlayer's value based on its fundamental and technical indicators available within our service. As compared to an absolute model, our relative valuation model uses a comparative analysis of Altlayer where we calculate exposure to its market risk and evaluate relevant financial multiples and ratios against Altlayer's related companies.
| Open | High | Low | Close | Volume | |
| 0.11 | 0.11 | 0.11 | 0.11 | 1,494 | |
10/22/2024 | 0.11 | 0.11 | 0.11 | 0.11 | 31.89 |
| 0.11 | 0.11 | 0.10 | 0.11 | 286,931 |
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Altlayer Trading Date Momentum on October 22, 2024
| On October 23 2024 Altlayer was traded for 0.11 at the closing time. The maximum traded price for the trading interval was 0.11 and the lowest daily price was 0.10 . The daily volume was recorded at 286.9 K. The volume of trading on 23rd of October 2024 did not affect price variability. The overall trading delta to the closing price today is 17.00% . |
About Altlayer Crypto Coin history
Altlayer investors dedicate a lot of time and effort to gaining insight into how a market's past behavior relates to its future. Access to timely market data for Altlayer is vital when making an investment decision, and regardless of whether you use fundamental or technical analysis, your return on investment in Altlayer will depend on recognizing future opportunities and eliminating past mistakes. Historical data analysis is the study of market behavior over a given time. Recorded market-related data such as price, volatility, and volume can be quantified and studied over a defined period. Through a detailed examination of a market's past behavior, traders and investors can gain perspective on the inner workings of that market.
Altlayer Crypto Coin Technical Analysis
Altlayer technical crypto coin analysis exercises models and trading practices based on price and volume transformations, such as the moving averages, relative strength index, regressions, price and return correlations, business cycles, crypto market cycles, or different charting patterns.
Price Boundaries
Altlayer Period Price Range
Low | November 25, 2024
| High |
0.00 | 0.00 |
Altlayer cannot be verified against its exchange. Please verify the symbol is currently traded on CRYPTO Exchanges. If you still believe the symbol you are trying to look up is valid, please let us know, and we will check it as soon as possible.
Altlayer November 25, 2024 Market Strength
Market strength indicators help investors to evaluate how Altlayer crypto coin reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Altlayer shares will generate the highest return on investment.
Altlayer Technical and Predictive Indicators
Predictive indicators are helping investors to find signals for Altlayer's price direction in advance. Along with the technical and fundamental analysis of Altlayer Crypto Coin historical price patterns, it is also worthwhile for investors to track various predictive indicators of Altlayer to make sure they correctly time the market and exploit it's hidden potentials. Even though most predictive indicators are useful for the short-term horizon, it's virtually impossible to predict the unforeseen market. For traders with a short-term horizon, predictive indicators add value when properly applied. Long-term investors, however, may find many predictive indicators less useful.
| Risk Adjusted Performance | 0.0643 | |||
| Jensen Alpha | 0.4498 | |||
| Total Risk Alpha | (0.71) | |||
| Sortino Ratio | 0.0568 | |||
| Treynor Ratio | 0.5322 |
| Cycle Indicators | ||
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| Math Transform | ||
| Momentum Indicators | ||
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| Volume Indicators |
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Altlayer. Also, note that the market value of any cryptocurrency could be closely tied with the direction of predictive economic indicators such as signals in board of governors. You can also try the Portfolio Comparator module to compare the composition, asset allocations and performance of any two portfolios in your account.